Pip & Margin Calculator Forex Calculator FOREX.com

Trader Rookie Position Size Forex Calculator, need some feedback on a browser extension

Trader Rookie Position Size Forex Calculator, need some feedback on a browser extension
Hey Community!
I am super excited to finally have my browser extension live for anyone to download for Google Chrome and Microsoft Edge.
I would love to get support and feedback on the extension!
❓Why I built the Trader Rookie Position Size Forex Calculator❓
I am dedicated to day trading and trading the foreign exchange markets. I have recently launched https://traderrookie.com to share content for aspiring daytraders and help people get started in the exciting world of trading.
In the long run, I am looking to build supplementing income for my trading career.
Personally I have always been frustrated with the RISK management tools available to traders, so I have developed a position size calculator that lets you calculated position sizes for any forex, commodity, or index pair.
How it works: You set your entry, stop loss, and up to 3 separate take-profit targets, and the calculator calculates your risk size in lots or units based on account size and risk tolerance.
The calculator's user interface synchronizes instantly across browser tabs and lets you calculate position sizes on top of a charting package like TradingView and then execute the trade with your broker in another browser window OR with desktop software like Metatrader or similar.

https://preview.redd.it/m001kyth6nf51.png?width=920&format=png&auto=webp&s=f16aa3993e427eeca0a802ae5f47a7e34e3d7b1d
The extension can be downloaded here:
Chrome web shop:https://chrome.google.com/webstore/detail/trader-rookie-position-si/kcdjnmmjcnbpbjiemhcdiblekmpnbgec?hl=da&authuser=1
Edge Add-ons:https://microsoftedge.microsoft.com/addons/detail/trader-rookie-position-si/addmhmcfpoimgajbbeckdghdpoeobipc
The extension features an add banner.Right now it has an add for the Extension, but I would like to promote content from my webpage like articles and other free stuff for traders.
I have a long list of additional features I would love to implement in the extension in later versions, but for now I am happy to have the first version ready for my audience.
If you're curious, check my page out at https://traderrookie.com
submitted by TraderRookie to SideProject [link] [comments]

How does forex calculate winnings on the dollar? Do you have to put in a certain amount?

submitted by MrDberg to Forex [link] [comments]

Top 10 ,Top Ten, Forex Calculator, Technology News, Lifestyle News, News Insourcing

Top 10 ,Top Ten, Forex Calculator, Technology News, Lifestyle News, News Insourcing submitted by anjalisinghania to u/anjalisinghania [link] [comments]

Forex Calculator, Technology News, Lifestyle News, News Insourcing, Current affairs, International news

Forex Calculator, Technology News, Lifestyle News, News Insourcing, Current affairs, International news submitted by anjalisinghania to u/anjalisinghania [link] [comments]

Forex Calculator, Celebrity news, Technology News, Lifestyle News, News Insourcing, Current affairs, International news

Forex Calculator, Celebrity news, Technology News, Lifestyle News, News Insourcing, Current affairs, International news submitted by anjalisinghania to u/anjalisinghania [link] [comments]

Forex Calculator, Technology News, Lifestyle News, News Insourcing, Current affairs, International news

Forex Calculator, Technology News, Lifestyle News, News Insourcing, Current affairs, International news submitted by anjalisinghania to u/anjalisinghania [link] [comments]

Forex Calculator, Technology News, Lifestyle News, News Insourcing

Forex Calculator, Technology News, Lifestyle News, News Insourcing submitted by anjalisinghania to u/anjalisinghania [link] [comments]

Forex Calculator, Technology News, Lifestyle News, News Insourcing

Forex Calculator, Technology News, Lifestyle News, News Insourcing submitted by anjalisinghania to u/anjalisinghania [link] [comments]

Forex Calculator, Technology News, Lifestyle News

Forex Calculator, Technology News, Lifestyle News submitted by anjalisinghania to u/anjalisinghania [link] [comments]

Forex Calculator, Technology News, Lifestyle News, News Insourcing, Current affairs, International news

Forex Calculator, Technology News, Lifestyle News, News Insourcing, Current affairs, International news submitted by anjalisinghania to u/anjalisinghania [link] [comments]

Top 10 ,Top Ten, Forex Calculator, Technology News, Lifestyle News, News Insourcing

Top 10 ,Top Ten, Forex Calculator, Technology News, Lifestyle News, News Insourcing submitted by anjalisinghania to u/anjalisinghania [link] [comments]

Top 10 ,Top Ten, Forex Calculator, Technology News, Lifestyle News, News Insourcing

Top 10 ,Top Ten, Forex Calculator, Technology News, Lifestyle News, News Insourcing submitted by anjalisinghania to u/anjalisinghania [link] [comments]

Forex Calculator, Technology News, Lifestyle News, News Insourcing, Current affairs, International news

Forex Calculator, Technology News, Lifestyle News, News Insourcing, Current affairs, International news submitted by anjalisinghania to u/anjalisinghania [link] [comments]

Pip & Margin Calculator | Forex Calculator

submitted by pipster818 to pipreddit [link] [comments]

Do experienced traders use forex calculators like those on babypips?

I'm a little new to forex, and i think the tools on babypips are pretty useful for calculating position size and stuff. I'm wondering, do experienced traders use tools like these or do they just know the calculations in their head and can do it by hand?
submitted by dankunicornswag to Forex [link] [comments]

Looking for Forex calculators for android

Hi all, I am new to Forex and I am looking for a calculator to help with my demo account. I am looking for something to determine the lot size based on risk and possible something to tell me what my minimum take profit should be to cover the initial trade. It does not matter if the app is paid or not, I just prefer it not have ads if possible. If it can tell me what a good trailing stop would be and stop loss that would be helpful as well.
submitted by Mansome_reddit to Forex [link] [comments]

Forex Indicators & Forex calculators for MT4 for Downloading

Find out some useful forex tools that can make your forex trading easier and more profitable. Start experience with FX Pulse - free forex news feed translator and trend detector.
More on page: http://pipburner.com/free-forex-trading-tools/
submitted by AlexanderCollins to Forex [link] [comments]

What is the "contract size" in the position size calculator?

A little confused. I usually keep it the same as my account balance, but now I'm not sure as my lot size changes significantly if I change my contract size. If my account size is let's say 100k and I want to risk 1%, what should my contract size be? Thanks.
https://www.myfxbook.com/en/forex-calculators/position-size
submitted by scorned to Forex [link] [comments]

Can someone review my backtesting results so far and tell me what else i need to calculate?

Strategy details:50 SMA STRAT: When price is ABOVE the SMA look for BUYS. When price is BELOW the SMA look for SELLS. Trend lines will be placed and once price has broken the trendline I will enter on the retest (for the second backtest i did the breakouts) and look at the SMA for the last confirmation on the direction of price. I will only be looking for trading opportunities that offer 1:1.
CONFIRMATION CHECKLIST:
Is it a clear trend on ALL my main timeframes? (H1, H4, Daily)
Is price about to break/already broken/retesting?
Is price above or below the SMA?
Can I get at least 1:1 Risk To Reward?
Is a news event with MAJOR IMPACT about to happen? https://www.forexfactory.com/calendar
Calculate size before entering trade https://www.myfxbook.com/forex-calculators/position-size

Pair: GBP/USD
RETEST BACKTEST:
41 TRADES IN TOTAL

19 Winning (19/Total Number Of Trades 41=46% Win Rate)
Trade 1: 27 pips
Trade 2: 36 pips
Trade 3: 39 pips
Trade 4: 30 pips
Trade 5: 40 pips
Trade 6: 35 pips
Trade 7: 34 pips
Trade 8: 35 pips
Trade 9: 30 pips
Trade 10: 35 pips
Trade 11: 35 pips
Trade 12: 30 pips
Trade 13: 30 pips
Trade 14: 30 pips
Trade 15: 20 pips
Trade 16: 22 pips
Trade 17: 22 pips
Trade 18: 30 pips
Trade 19: 62 pips

TOTAL=622 Pips
£62.20 profit on 0.01 lots


20 Losing
Trade 1: 30 pips
Trade 2: 27 pips
Trade 3: 34 pips
Trade 4: 30 pips
Trade 5: 30 pips
Trade 6: 34 pips
Trade 7: 30 pips
Trade 8: 30 pips
Trade 9: 30 pips
Trade 10: 35 pips
Trade 11: 30 pips
Trade 12: 30 pips
Trade 13: 25 pips
Trade 14: 25 pips
Trade 15: 25 pips
Trade 16: 20 pips
Trade 17: 30 pips
Trade 18: 25 pips
Trade 19: 30 pips
Trade 20: 29 pips

TOTAL=579 pips
£57.90 loss on 0.01 lots

2 Breakeven

£62.20 - £57.90 = £4.30
BREAKOUT BACKTEST:

TOTAL TRADES 54

24 Winning (24/55 total=43% Win Rate)
Trade 1: 20 pips
Trade 2: 30 pips
Trade 3: 5 pips
Trade 4: 30 pips
Trade 5: 10 pips
Trade 6: 30 pips
Trade 7: 4 pips
Trade 8: 30 pips
Trade 9: 30 pips
Trade 10: 30 pips
Trade 11: 6 pips
Trade 12: 30 pips
Trade 13: 30 pips
Trade 14: 30 pips
Trade 15: 30 pips
Trade 16: 30 pips
Trade 17: 30 pips
Trade 18: 25 pips
Trade 19: 30 pips
Trade 20: 30 pips
Trade 21: 30 pips
Trade 22: 30 pips
Trade 23: 30 pips
Trade 24: 30 pips
Trade 5: 6 pips

TOTAL PIPS=610 pips
£61

24 Losing
Trade 1: 14 pips
Trade 2: 30 pips
Trade 3: 30 pips
Trade 4: 14 pips
Trade 5: 14 pips
Trade 6: 30 pips
Trade 7: 30 pips
Trade 8: 25 pips
Trade 9: 30 pips
Trade 10: 5 pips
Trade 11: 30 pips
Trade 12: 30 pips
Trade 13: 5 pips
Trade 14: 30 pips
Trade 15: 25 pips
Trade 16: 35 pips
Trade 17: 15 pips
Trade 18: 30 pips
Trade 19: 18 pips
Trade 20: 15 pips
Trade 21: 18 pips
Trade 22: 10 pips
Trade 23: 30 pips
Trade 24: 30 pips

TOTAL=543 pips
£54.30
Breakeven 5

£61-£54.30=£7.70

Edit: In the second backtest you'll notice for some trades it was like 4 pips, 5 pips, etc. With those trades i either exited early to avoid the full loss.
submitted by YH-ITS-KESH to Forex [link] [comments]

Yes! You get precise entry points for SL and TP. The #nextgenindicator, #VelocityFinderNeuralTrader does a lot of complex calculations at the back end and reduces your burden. And always comes with accurate #SL & #TP. Get it now: https://wetalktrade.com/velocity-finder-best-forex-trading-strategies/

Yes! You get precise entry points for SL and TP. The #nextgenindicator, #VelocityFinderNeuralTrader does a lot of complex calculations at the back end and reduces your burden. And always comes with accurate #SL & #TP. Get it now: https://wetalktrade.com/velocity-finder-best-forex-trading-strategies/ submitted by Wetalktrade to u/Wetalktrade [link] [comments]

Post Brexit Profit Analysis

I am a big believer in the concept that one of the best (maybe the best but it is subjective) ways to make money money in the markets comes down to patience and well timed aggression.
There are some extreme golden opportunities in the markets and to a trained eye they are often very easy to spot and relatively easy to trade.
The tricky bit is not losing during all the other times haha.
Patience ... well timed aggression.
I have been quite stagnant in my trading for a few weeks and then as the Brexit was due, got extremely active and we got the best trades of my FX life (in terms of how quickly the results came, we have had swing trades achieve similar results over 6 months or so).
We done far better than I expected but I had always been saying that the opportunity comes AFTER the Brexit, the market will mis price some things and as it happens, some things strongly broke SR levels.
So... now it is game time.
Not only on the Pound although it is in focus but in general this volatility jump presents multiple opportunities.
I will keep a running commentary on some of the analysis I have, moves I am looking to make and where I feel the money is to be made here if you'd like to follow along.
Things to take note of;
1 - Not all my trades win, I am rarely over 70% accurate over a longish time period.
2 - My strategies are risk:reward based and expected to be profitable on risk:reward basis.
3 - Money management used is a set percentage basis, so on every trade the same amount of risk is used, lot sizes are adjusted based on the number of pips in stop loss . http://www.myfxbook.com/forex-calculators/position-size helps with this.
4 - Correlation risk is real! If I am for example selling GBPUSD, GBPJPY, GBPAUD and GBPNZD, to risk 2% on each trade is really more like a 8% risk .
This should be considered and to use 0.5% risk in each trade here would be shroud, rather than 2% in each. http://www.myfxbook.com/forex-market/correlation
5 - Any thing I post is for educational purposes only, I am not telling you to trade anything in the markets, any trades you take are exclusively at your own risk and you should do you own analysis and due diligence.
6 - I am not your, or anyone's financial adviser. I hold no qualification for this, I am just a guy on the internet.
7 - The strategies and tactics I use are ones I have used for a long time and found them to be successful but there is absolutely no assurance they will be profitable in the future.
8 - At times there will perhaps be a portfolio approach or sympathetic hedging approach used.
Lets say for example. I am short on GBPUSD with a 300 pips stop and 600 pips target from a larger chart and the Pound is rallying against this position, I may start to look for short term momentum buys on GBPJPY,
Let's say the GU hits 300 pips stop and GY wins 50 pips for a 50 pips stop, because of the money management method used, the GY trade has covered the GU risk.
9 - If you can not afford the pips, you can not take the trade.
We are in volatile times and some stops will have to be several 100 pips and even at that be somewhat tight, if losing the trade on the smallest lot size you can trade would exceed an acceptable level of risk, do not trade.
10 - Don't think I have a 10 but we got to 9 and it's good to finish on a round number.
Analysis will be posted in comments.
submitted by sellitlikesoros to Forex [link] [comments]

Lot Size Calculator

Calculating lot sizes to risk a set amount of risk can be tricky sometimes, especially when you are new. Different currency pairs have different values per pip (L2A) and it takes some time to get to know them all.
There are some general rules of thumb (L2A) you can follow to get decent estimates but it is better to be able to be precise in your position sizing.
Myfxbook have a great tool for this. You can enter into it your account size, the percentage you want to risk (L2A) and the number of pips in your stop loss. Then it will tell you the lot size, along with the dollar risk.


https://preview.redd.it/g691olkxjy421.png?width=844&format=png&auto=webp&s=f9c66e1c0c88e4e6571b96b689b507acac995781

The tool is simple and intuitive to use. You can get it here.

This is just one of the many free trading tools/resources Myfxbook offers. (L2A)

L2A = Link to be added.
submitted by inweedwetrust to Forexnoobs [link] [comments]

Forex Volume Calculation MADE SIMPLE. - YouTube How to Calculate Lot Sizes - YouTube Position Size Calculator Tutorial - YouTube How To Calculate Profit In Forex - YouTube FOREX TRADING - HOW TO COUNT THE PIPS & CALCULATE ...

Forex Calculators which will help you in your decision making process while trading Forex. Values are calculated in real-time with current market prices to provide you with an accurate result. NEWS: * FP Markets has been named as "Best Global Forex Broker" at the Global Forex Awards 2020 (to add to its award in 2019). SPREADS LATEST: ** Data acquired from our server shows our EURUSD spread to be 0.0 pips on average 55.84% of the time from 01-08-2020 to 31-08-2020 (available for our RAW Spread trading accounts only). Our popular online Calculator for Crypto, Forex and other Instruments. You can use the Compounding Calculator to calculate profits and interest earning. This allows you to understand better how your account will grow over time. One of the most interesting facts about compounding is that even a moderate monthly gain turns your initial capital ... The Forex Volatility Calculator tool generates the daily volatility for major, cross, and exotic currency pairs. The calculation is based on daily pip and percentage change, according to the ... * 1 pip is calculated as follows: For 5-digit currency pairs - by 4th digit (0.0001) For 3-digit currency pairs and XAGUSD - by 2nd digit (0.01)

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Forex Volume Calculation MADE SIMPLE. - YouTube

Position sizing is a concept most traders forget to focus on. In this videos called "Position size calculator Tradingview" I'll go in depth with how to calcu... Use my position size calculator to work out what position size you need to trade at to risk the correct amount of your capital when trading. This position si... A basic tutorial for using Position Size Calculator with graphical panel (https://www.earnforex.com/metatrader-indicators/Position-Size-Calculator/). It is a... When you open a trade on the Forex Market, the numbers on the screen will start to change. You need to be able to count the price units also known as PIPS, i... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

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